This copy is for your personal, non-commercial use only. Physical Distancing in On-Mountain Restaurants. And we want you on our team. https://www.barrons.com/articles/vail-resorts-stock-earnings-report-rise-in-season-passes-51600984224. Add some information about the album below, the author, or any other background context. CEO Robert Katz said in the news release that without deducting the value of such credits, sales were up 24% from last year. To maintain physical distancing on our chairlifts and gondolas, we will only be seating related parties (guests skiing or riding together) or: two singles on opposite sides of a four-person lift; two singles or two doubles on opposite sides of a six-person lift; or two singles on opposite sides of our larger gondola cabins. Being safe this season will require everyone’s cooperation and we believe face coverings are foundational to make that possible. Physical Distancing in Ski & Snowboard Rental Locations. This often means choosing to go above and beyond what is required in order to do our very best to provide you peace of mind. The Investor Relations website contains information about Vail Resorts, Inc.'s business for stockholders, potential investors, and financial analysts. Our approach to each restaurant will be a little different, depending on the layout and flow of each facility. In order to make this a reality and also make it an enjoyable experience, we must manage the number of people on our mountains. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Add some information about the album below, the author, or any other background context. It goes without saying that operations at our 34 North American resorts will abide by all local regulations, but for us, that’s just where safety begins. As a reminder, we will not begin selling daily lift tickets until Dec. 8 and we have extended our Labor Day pass deadline, including the deadline to use credits from last season, to Sept. 17. We want to provide assurance to our guests that we will do our very best to minimize crowds at all times – be it a holiday weekend or the unpredictable powder day. Pursue your fullest potential and never settle for less in the quest to deliver extraordinary guest service. An error has occurred, please try again later. Regardless of how many people are skiing and riding this season, we will follow our historical practice to open as many lifts and as much terrain as soon as possible to allow for the amazing mountain experience our guests have come to expect. Finally, all transactions in our restaurants, and elsewhere at our resorts, will be cashless (unless required by local regulations). We are fortunate that our core experience of skiing and riding takes place outdoors, across huge mountains, offering fresh air and wide-open spaces for our guests. 27 August 2020. The company is divided into three divisions. Vail Resorts Announces North American Summer Operating Plans and Commitment to Employee and Guest Safety. Heavenly Mountain Resort Focused on Pass Holder Experience During Early Season, Plans to Open Resort’s California-Side Terrain First . If there is a resort closure due to certain events such as COVID-19 during a pass holders’ initial Priority Reservation Days selected by Dec. 7. Secure your best access with an Epic Pass. I realize not everyone will agree with our approach – some feeling we are being too conservative or aggressive. COVID-19). Best Vail Resorts on Tripadvisor: Find 10,636 traveler reviews, 8,740 candid photos, and prices for 14 resorts in Vail, Colorado, United States. Lift tickets (including Buddy and SWAF tickets) will go on sale on Dec. 8, with sales limited based on the number of spaces available for any given day after our exclusive pass holder reservation period. If you purchased a 2020-21 pass product prior to Aug. 27 and no longer want to move forward with your pass, we will provide you a refund of the amount paid if your request is made by Sept. 17 through our call center or an online form that will be available by Sept. 1. We will be managing the number of people inside each location, in accordance with local regulations, and setting them up to allow for physical distancing and appropriate guest flow. Please understand that these may change at any time, either ahead of or during the ski season. Vail Resorts Reports Fiscal 2020 Fourth Quarter and Full Year Results and Provides Preliminary Season Pass Sales Results. Through Sept. 18, season passes sold for the 2020-21 season were up 18% year-over-year, but such revenue was down 4%. However, we are not planning for the majority of days, we are planning for every day of the season. Vail Resorts Announces North American Summer Operating Plans and Commitment to Employee and Guest Safety. We will be spacing tables in seating areas as well to allow for physical distancing while eating. Because of Covid-19, Vail Resorts offered credits for the coming season for Epic Pass holders that bought a 2019-20 pass, ranging from 20% to 80%. While still subject to change, at this time we do not believe pass holders will need a reservation to access our partner resorts (Telluride, Sun Valley, Snowbasin, Resorts of the Canadian Rockies, Hakuba or Rusutsu). To allow for physical distancing, we will be managing the number of people in our restaurants in accordance with public health requirements and will monitor guests coming in and out of restaurants at the entrances. Vail Resorts shares rose 1.2% to $227 in after-hours trading, after falling 1.9% during Thursday trading. Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. Dear Guests, There is nothing I am looking forward to more than being back on the mountain, back on snow, back on skis – and I know I am not alone. © 2020 Vail Resorts Management Company. Given these limitations, we will recommend that guests adjust their schedules and try to dine earlier or later to avoid the peak lunch rush. In the past, about half of visits to the resort came from outside Canada. He said the results through September speak to “the loyalty of our guest base to the experience we offer at our resorts despite the travel challenges presented by COVID-19.”. They will be required to access the mountain. We are re-imagining our on-mountain experience to help ensure you have the space you need to physically distance at our resorts. Sep 24, 2020. Latest News. But I ask for your understanding and patience. While it will be a little different than we are used to, we are very optimistic it will be a great season and the welcome respite we all need right now. “We also expect stronger visitation from repeat guests versus new guests and infrequent skiers and riders.”. Equipment will be fully sanitized between each guest use and we intend to expand our rental delivery service to provide enhanced options for guests to rent equipment outside of the store locations. Make it a few sentences long so folks can pick up some informative tidbits. PREPARE FOR YOUR VISIT. As such, we are extending our Labor Day deadline to Sept. 17 for our Buddy/SWAF benefits and utilization of all pass credits. However, with so many uncertainties, we believe it is only prudent to have this system in place now. You’re brave, ambitious and passionate in everything you do. And I recognize the changes we are implementing will be an inconvenience. This copy is for your personal, non-commercial use only. It also expects significant declines in international travel, which should affect its Whistler Blackcomb resort in Canada. Guests and employees will be required to wear face coverings, and for the portions of the process that require close interactions with our technicians, our employees will take additional precautions, including wearing eye protection and gloves. We are implementing some changes with your safety in mind: For your safety, we are managing on-mountain access this season. For your safety, we will be requiring face coverings, promoting physical distancing, and enforcing health screenings when physical distancing may not be possible, such as in ski and ride school. While we have designed our winter operating plan to comply with and at times exceed all known applicable laws, our operations will remain subject to the local regulations in each of our resort locations. Find the latest Vail Resorts, Inc. (MTN) stock quote, history, news and other vital information to help you with your stock trading and investing. Specific details and procedures for certain class types for children are still being determined and will be announced as they are finalized, taking into account safety considerations. … 01 July 2020. The company forecasts total unit sales of its season pass offerings for the 2020-21 season to be mostly flat. Learn More. “On a relative basis, we do expect stronger visitation from local and drive-to guests this season than guests who traditionally fly to our resort,” Katz said. We believe a conservative approach is the best way to protect our guests.
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